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The Latest Breaking News on Financial Services

Barclays customers ‘still unable to make payments’ as mass bank outage continues

On Friday, the bank apologised to customers, saying they were ‘currently facing intermittent errors’ with their payment system.

Evening Standard

The money conversations to have while on a date or in a longer-term relationship

Are you and your partner financially compatible? Here’s how to kickstart some key conversations which could help you to find out.

The Independent UK

Bank fee revenue rises for first time in seven years

A rebound in overseas spending and a jump in mortgage holders refinancing their home loans boosted Australian banks' fee revenue by five per cent in 2023/24.

AAP

From analysis to the latest developments in health,
read the most diverse news in one place.

More than a dozen Bank of Scotland branches set to close – see full list

MORE than a dozen Bank of Scotland branches are set to close across the country as Lloyds Banking Group accelerates its plans to cut costs by moving…

The National (Scotland)

Lloyds Banking Group: Full list of where branches will close

The company said it will shut 136 branches across Lloyds, Halifax and Bank of Scotland by March next year.

The Independent UK

Lloyds Banking Group to shut another 136 UK high street branches

Lloyds, Halifax and Bank of Scotland branches to close as group accelerates shift to digital and mobile banking

The Guardian - UK

First look at £200m revamp of Lloyds banking HQ in Scotland

LLOYDS Banking Group has announced plans to transform its Port Hamilton building in Edinburgh city centre into a "state-of-the-art innovation…

The National (Scotland)

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Barclays signed up as new lead sponsor at Lord's cricket ground

The high street lender is already title sponsor of Barclays’ Women’s Super League, banking partner of the Premier League and banking partner of Wimbledon.

Evening Standard

Italy's Monte Dei Paschi Bids 13.3 Bn Euros For Mediobanca

Italian bank Monte dei Paschi di Siena said Friday that it was launching a bid for its larger rival Mediobanca in a potential 13.3 billion euro ($13.9 billion) deal that could help reshape the country's banking sector.

International Business Times

What is the current account switch service and how can you use it to earn money?

Moving banks is far less hassle than you might think thanks to a free switching tool

The Independent UK

Barclays CEO’s maximum pay could rise by 45% to more than £14m

New deal being considered by board cuts fixed pay but allows for much higher bonuses

The Guardian - UK

MPs back Bill to prevent taxpayers being ‘on the hook for small bank failures’

The Government has said the mechanism would provide more flexibility.

The Independent UK

Manhunt begins after murder of banking executive in London flat

Police believe the suspect was known to Marianne Kilonzi, who worked at Citibank, and may have fled the country

The Guardian - UK

‘It was pure accident’: how Chase UK’s boss went from communist Poland to Wall Street banking … via linguistics

Having left the library behind, the once budding academic talks about building JP Morgan’s UK digital lender from scratch

The Guardian - UK

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Evening Standard

Why could Santander bank leave the UK?

The bank has not been performing as well as expected and its owner, Banco Santander, may be looking at an exit

The Guardian - UK

Santander rushes guidance to managers as it reviews its future in UK

Bank is considering sale of British business amid mounting frustrations over regulation

AAP

Trio avoid going to jail over attempted $21m bank fraud

A group including a former senior employee have been spared time behind bars after attempting to defraud a major bank out of more than $20 million.

The Guardian - UK

Bank of England delays rules designed to avoid banking crash by a year

Donald Trump’s return to White House and Rachel Reeves’s call for regulators to help drive UK growth taken into account

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news in one place.

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Kiplinger

Why Bank of America Stock Is Still a Buy After Earnings

Bank of America stock is trading lower Wednesday after the financial firm reported earnings but Wall Street isn't worried. Here's why.

AAP

Surge in number of Australians seeking debt help

Australians are struggling with the mounting cost of living, with the National Debt Helpline fielding a significant increase in calls.

Kiplinger

Why Wells Fargo's Revenue Miss Isn't Worrying Wall Street

Wells Fargo is one of the best S&P 500 stocks Wednesday even after the big bank's top-line miss. Here's what you need to know.

International Business Times

US Bank Profits Rise As Wall Street Hopes For Merger Boom

Large US banks reported soaring profits Wednesday propelled by strength in trading and financial advisory services as Wall Street eyes a potential merger boom under the incoming Trump administration.

The Independent UK

Lloyds to close second UK office and cut roles as part of major shake-up

Hundreds of roles will be removed, while new ones will be created as part of the overhaul.

Kiplinger

Is JPMorgan Chase Stock a Buy, Hold or Sell After Earnings?

JPMorgan Chase is trading higher after the big bank topped fourth-quarter earnings expectations, but is the stock a Buy? Here's what you need to know.

The Independent UK

Lloyds bank to shut Liverpool office with 500 workers impacted

Lloyds said it has not cut jobs as part of the closure plans but will require around 100 staff to relocate to Chester.

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